Business
Falcon Energy Materials plc Announces Strategic Partnership With Shanshan to Develop Customer Base and Market Anode Plant Production
ABU DHABI, UNITED ARAB EMIRATES - April 15, 2025 (NEWMEDIAWIRE) - Falcon Energy Materials plc (TSX-V: FLCN) ("Falcon" or the "Company") and Shanghai Shanshan New Material Co., LTD ("Shanshan") are pleased to announce the signing of a term sheet for a...
About this update from Falcon Energy Materials Plc
[{"type":"text","content":"ABU DHABI, UNITED ARAB EMIRATES - April 15, 2025 (NEWMEDIAWIRE) - Falcon Energy Materials plc (TSX-V: FLCN) ("Falcon" or the "Company") and Shanghai Shanshan New Material Co., LTD ("Shanshan") are pleased to announce the signing of a term sheet for a strategic partnership to develop the customer base for Falcon's coated spherical purified graphite ("CSPG") anode production facility in Morocco (the "Anode Plant"). Shanshan is a global leader in lithium-ion battery anode materials, producing both natural graphite anode materials as well as synthetic graphite anode materials. Shanshan was the world's largest producer of synthetic graphite anode materials in 2024, with a 21% market share, and has an industry-leading research and development department near Shanghai, China.","length":837,"tagName":"p"},{"type":"text","content":"HIGHLIGHTS","length":10,"tagName":"p"},{"type":"text","content":"- The partnership with Shanshan, alongside previously announced technical partner, Hensen, round out key partnerships required to de-risk and accelerate the development of Falcon's anode plant in Morocco;","length":208,"tagName":"p"},{"type":"text","content":"- Shanshan brings synthetic CSPG production capabilities and an established customer base in Asia and Europe, and will support Falcon in qualifying its CSPG product to meet end-user specifications;","length":197,"tagName":"p"},{"type":"text","content":"- Construction of Falcon's pilot plant in Morocco, with a production capacity of 100kg per day of CSPG, will commence in Q2 2025, and is expected to be operational by H2 2025;","length":179,"tagName":"p"},{"type":"text","content":"- Following the successful commissioning of the Anode Plant, Shanshan will collaborate with Falcon to secure a binding offtake agreement, followed by a formal marketing agreement.","length":179,"tagName":"p"},{"type":"text","content":""We are very pleased to welcome Shanshan to our consortium. Following our redomicile to Abu Dhabi completed last year, we have created a unique platform, headquartered in the UAE, while maintaining an open mind to partnerships with industry leaders such as Shanshan," commented Matthieu Bos, Chief Executive Officer of Falcon. "The addition of Shanshan to Falcon's Partnership Framework will firmly establi...